The Dell layoff strategy is not to knock down whole teams. But do targeted layoffs. Especially target the high net worth experienced senior folks. The strategy has been to remove these long entrenched white elephants and promote younger high performance folks to higher positions. We saw two such promotions in EMC CoE recently. In these financially troubled times these promotions don't come cheap they come at the cost of some senior folks losing their jobs. Senior Directors and Directors should be specifically worried.
Yup, this is what has been happening, and it will probably continue to work like this. Just make sure to have your ducks in a row if you are in this category.